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Dynatronics Announces Fiscal Second Quarter Results

SALT LAKE CITY Feb. 14, 2011 December 31, 2010

December 31, 2010 $8,199,347 $8,501,437 December 31, 2009 December 31, 2010 $16,118,635 $16,783,900

December 31, 2010 $67,839 $.01 $188,299 $.01 December 31, 2010 $84,851 $.01 $256,923 $.02

$149,637 $283,465 Kelvyn H. Cullimore Jr.

$50 million

Larry K. Beardall

"As we begin to solicit sales orders under these GPO arrangements, we are gearing up our production capacity for a new level of operations," added Cullimore. "With over 12,000 products now available through our catalog and e-commerce website, we are in a good position to supply this high-volume segment of the physical medicine market."

Monday, February 14, 2011 1:30 p.m. ET

December 31, 2010 June 30, 2010

Summary Selected Financial Data

Statement of Income Highlights (Unaudited)

Three Months Ended

Six Months Ended

December 31,

December 31,

2010

2009

2010

2009

Net sales

$8,199,347

$8,501,437

$16,118,635

$16,783,900

Cost of sales

5,029,906

5,174,060

9,997,361

10,277,181

   Gross profit

3,169,441

3,327,377

6,121,274

6,506,719

SG&A expenses

2,634,278

2,699,357

5,134,795

5,411,726

R&D expenses

356,519

206,882

706,315

422,850

Other expenses, net

65,604

110,936

137,387

220,167

   Net income before income taxes

113,040

310,202

142,777

451,976

Income tax provision

(45,201)

(121,903)

(57,926)

(195,053)

Net income

$67,839

$188,299

$84,851

$256,923

Diluted income per common share

$0.01

$0.01

$0.01

$0.02

Balance Sheet Highlights

December 31,

June 30,

2010

2010

(Unaudited)

Cash

$191,822

$383,756

Accounts receivable

3,866,503

3,735,251

Inventories

5,782,367

5,766,800

Total current assets

10,582,101

10,609,813

Total assets

$14,877,942

$15,090,329

Accounts payable

1,921,433

$1,404,022

Accrued expenses

467,139

462,641

Line of credit

2,401,905

2,768,492

Total current liabilities

5,628,132

5,686,280

Total liabilities

8,069,737

8,291,052

Total liabilities and equity

$14,877,942

$15,090,329

www.dynatronics.com

June 30, 2010

SOURCE Dynatronics Corporation

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